Chandra, P. B. Balaji may join Iveco board
New Delhi, Oct. 17 -- Tata Sons' chairperson N. Chandrasekaran, Jaguar Land Rover's CEO P.B. Balaji, and Tata Motors' managing director Girish Wagh are among the top executives set to join Iveco's board if Tata Motors' acquisition of the Italian truckmaker clears its final hurdles. The deal was cleared by Iveco shareholders at an extraordinary general meeting (EGM) on Friday, with attention now turning to Tata securing 80% acceptance of the tender offer by 26 October.
The appointments are conditional on the deal going through. While Chandrasekaran will join as Iveco's chairperson, Balaji and Wagh will join as non-independent directors. Iveco had proposed a six-member board following the completion of the deal, with Olof Persson continuing a...
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